The Dodgers had baseball’s second-highest payroll last fall at more than $236 million.

Kershaw’s agreement, first reported by ESPN.com, is baseball’s seventh of $200 million or more. Among current contracts, it trails only the agreements of Rodriguez, Cincinnati first baseman Joey Votto ($251.5 million over 12 years), Los Angeles Angels first baseman Albert Pujols ($240 million over 10 years) and Mariners second baseman Robinson Cano ($240 million over 10 years).